The plant will be one of the first of its scale to operate on a rapid-turnaround manufacturing-as-a-service (MaaS) model, producing custom products on a just-in-time basis. Continuous CFRP composites can have a strength-to-weight ratio over 60 times that of steel and be used in products such as elite-level bicycles, Formula One race cars, and the latest generation fighter aircrafts.
With the completion of Arevo’s second-generation composite material deposition technology, which is over four times faster than the first generation, the company plans to host hundreds of production systems at the center of a yet-to-be-announced Asian city. This will equip the company with capacity to meet burgeoning customer demand for the rapid turnaround of large and geometrically complex CFRP products.
At this time, key executives have been onboarded to support and scale the business:
- CEO: Sonny Vu, serial entrepreneur. Most recently founder of Misfit, a wearables company acquired by Fossil
- CRO: Tuan TranPham, one of the longest-tenured veterans (17 years) in the 3D-printing industry. Most recently the Chief Revenue Officer of Desktop Metal.
- Japan GM: Daisuke Tanaka, serial entrepreneur. Previously general manager for numerous Japanese technology companies.
Hemant Bheda, Arevo Co-Founder and Chairman, said:
“The new team will be key to our success as we enter into this new expansion phase. We needed people who had a blend of startup experience, ability to scale technical businesses as well as deep industry experience in additive manufacturing.”
Tuan TranPham stated:
“It’s exciting to be a part of what is one of the most ambitious and interesting opportunities I’ve seen in the 3D-printing industry in the last 20 years.”
“We are now aggressively recruiting additional commercialization and technical talent.”
Technologies: Other Processing Method